International Supermarket - High Profitability, Strong Cash Flows!!!!

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International Supermarket - High Profitability, Strong Cash Flow!

Business Description

This profitable, well located, and very well managed International Supermarket with catering service, doing more than $3.6 million in annual sales, is being sold turn-key. For a new owner, its ready to hit the ground running and take over on day one with more than $1 Million invested by owner in up to date fixtures, equipment, and systems, all included. Located within a busy business district, this established business is accessible by bus, train, automobile and by foot to local customers. There is plenty of parking available.

Customers come from throughout Northern New Jersey for delicious foods and cuisines, mostly with a eastern Europe flare. Categories of food offered, include fresh meats, imported smoked meats, fresh bakery items, cold cuts, deli, international cheeses, dairy, imported specialized groceries and candies. Prepared foods are made in on premise kitchen.

Excellent POS and inventory controls in place to go with the business.

Room for expansion!!!

About the Business

Year Established:
2007
Number of Employees:
25
Real Estate:
Leased
Building Sq. Ft.:
7,200
Lease Amount/Mo.:
$8,000.00
Lease Expiration:
4/1/2022
Facilities:
Store area - Approximately 3,600 Square feet.
Lower level - storage, kitchen, office, refrigeration, freezer storage - Approximately 4,000 square feet.

Kitchen in lower lever - approximately 1,000 square feet.

Elevator.
Market Outlook/
Competition:
Limited completion in market area. Highly accessible location. Loyal customer base. Know for specialized foods and delicious catered cuisine.
Growth & Expansion:
Adjoining space available for expansion, or for restaurant as kitchen is already operating.
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About the Sale

Reason For Selling:
Investments.
Training/Support:
Seller/Owner possibly willing to stay on to manage for new owner. Transitional training by Seller/owner to be negotiated and agreed to by Seller and Buyer.
Seller Financing:
Dependent on terms and credit worthiness of buyer.

Listing Info

ID:
1537532
Ad Detail Views:
468
Asking Price:
$1,500,000

Gross Revenue:
$3,793,000
Cash Flow:
$827,000
EBITDA:
$777,000
Inventory:
$235,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Bill Weber

Apogee Business Brokers LLC

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U.S. Census Data for Bergen County, NJ
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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